December 2024
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Digital Payments Take Center Stage as Zambia Sets 2026 Deadline for Cheques
The Bank of Zambia has announced a significant shift in the country’s payment landscape, confirming the phasing out of cheques as a payment instrument. Effective…
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Spiro to Pioneer Electric Vehicle Assembly in Nigeria
Spiro, a leading electric mobility company operating across seven African countries, is gearing up for a major expansion with the establishment of its first EV…
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Facebook Set to Make a Comeback in Uganda After Four-Year Ban
After a four-year absence, Facebook (now Meta) may soon be making a triumphant return to Uganda. The Ugandan government is reportedly in talks to lift…
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Safaricom and Genghis Capital Clash Over M-Pesa Investment Trusts
The Kenyan fintech landscape is currently witnessing a heated dispute between Genghis Capital and Safaricom, one of the country’s leading telecommunications companies. At the heart…
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Oikocredit 3O Years of Social Impact in Kenya
Oikocredit, a leading social impact investor has been at the forefront of fostering sustainable development and social impact in Kenya. A celebratory breakfast in Nairobi…
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Pivot Payments Resumes Services Following Regulatory Approval
Pivot Payments, a prominent Ugandan fintech company, is set to resume operations on December 20, 2024. This development follows the lifting of the suspension imposed…
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Cassava Technologies Announces $310M Funding and Strategic Reorganization
Cassava Technologies, a leading African technology company, has achieved a significant milestone by securing a $90 million equity investment from renowned global investors. This investment…
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Tyme Bank Achieves $1.5B Valuation with $250M Investment Led by Nubank
Tyme Group, a rapidly expanding digital banking company based in Singapore, has announced that Nubank, Latin America’s top digital financial services platform, has made a…
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Ethiopia Eases Restrictions on Foreign Banks with Landmark Legislation
Ethiopia has taken a significant step towards modernising its financial sector by passing a new banking law that permits foreign banks to operate within its…
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Samsung’s 2024 AI-Powered Consumer Electronics Redefine Living in Kenya
As 2024 draws to a close, it has been a year marked by the introduction of numerous AI-powered consumer electronics into the Kenyan market by…
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